Share market update: Realty stocks mixed; Unitech, DLF up, but HDIL, Sobha down

NEW DELHI: Realty stocks were trading mixed in afternoon trade on Thursday.

The Nifty Realty index was trading almost flat at 274 around 12:45 pm, with five stocks in the green and five in the red.

Brigade Enterprises (up 2.41 per cent), Unitech (up 1.30 per cent), Prestige Estates Projects (up 0.91 per cent), Indiabulls Real Estate (up 0.64 per cent) and DLF (up 0.18 per cent) were the gainers in the index.


On the other hand, Housing Development & Infrastructure (HDIL) (down 1.90 per cent), Phoenix Mills (down 1.27 per cent), Sobha (down 0.89 per cent), Godrej Properties (down 0.40 per cent) and Oberoi Realty (down 0.18 per cent) were the losers in the realty pack.

Benchmark NSE Nifty50 index was down 14.90 points at 11,677, while the BSE Sensex was 40.3 points down at 38682.63 at that time.

Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red.

Equity market sentiment was subdued on the last day of August series of futures and options contracts. Rupee's unabated fall too weighed on the risk appetite of investors.

Weak Asian peers also influenced sentiment at home. Chinese markets fixed firmly on risks from the China-US trade war and taking little comfort from an apparent easing in business tensions in North America and Europe, Reuters reported.